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Office of Fair Trading

Government Agency
Agency nameOffice of Fair Trading (Welsh: Swyddfa Masnachu Teg)
Agency overview
Formed 1973
JurisdictionUnited Kingdom
Annual budget£61 million (2009-2010)
HeadquartersFleetbank House, 2-6 Salisbury Square, London, EC4Y 8JX
Operational structure
Agency executivesJohn Fingleton, Chief Executive

     Home | Organization | Office of Fair Trading

The Office of Fair Trading (OFT) is a not-for-profit and non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. The OFT's goal is to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002.

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